Nonfarm Payrolls increased by 236,000 in March, according to statistics released on Friday by the US Bureau of Labor Statistics (BLS). This result follows February’s print of 326,000 and came in slightly below the market consensus of 240,000. (revised from 311,000).Global financial markets ended last week with mixed performance reflecting …
Read More »Market Drivers – US Session 07/04/2023
After Friday’s NFP data, attention is shifting turns to US inflation and global growth concerns. Markets continue to move fast. Economic DataNonfarm Payrolls increased by 236,000 in March, according to statistics released on Friday by the US Bureau of Labor Statistics (BLS). This result follows February’s print of 326,000 and …
Read More »Russia reduced oil output by bpd 700,000 in March
On Friday, Russia said that it reduced daily oil production in March by 700,000 barrels. That was a greater decrease than the 500,000 barrels per day that the nation had previously committed to. The decreased output coincides with OPEC+’s promise to lower production by 1.1 million barrels per day beginning …
Read More »What Does Wall Street Expect From Next Week’s Earnings, CPI Data?
Investors are more confident now than they were before the banking crisis in March that the Fed will lower interest rates in the second half to prevent a recession. Bond yields have decreased as a result of such bets, boosting the massive growth and technology stocks that control broad market …
Read More »Can China’s Growing Geopolitical Power Influence Energy Traders?
WTI crude oil is trading at $80.415 per barrel, at the time of writing, while Brent cruse is trading at 84.66 per barrel. Trading, by definition, is a short-term endeavour. Although it may feel like a very long time when traders are watching and waiting for a move, positions are …
Read More »After NFP, the US Dollar Index continues to recover
The US Dollar Index spikes to 102.29 and retreats to 102.00. March US jobs report mostly in line with expectations. Wall Street’s holiday will likely keep price action limited, normal activity to return on Tuesday. The US Dollar Index (DXY) rose to 102.29 after the release of the US March …
Read More »EUR/USD drops to four-day lows after NFP on strong US dollar
In an immediate reaction, the EUR/USD fell from 1.0915 to the 1.0880 zone, reaching the lowest level since Monday, after the release of the US employment report. Numbers came in mostly in line with expectations, boosting the Greenback across the board.US Nonfarm Payrolls rise by 236K in March against 240K …
Read More »Market Drivers – US Session 06/04/2023
On Friday, when markets are closed worldwide for Easter, the official US jobs report will be issued. March nonfarm payroll growth is anticipated to be 240,000. With volatility rising around the NFP publication, trading volume is anticipated to be low. There won’t be much activity before or after. Holidays and …
Read More »Friday’s NFP reading to set the scene for noteworthy scenarios
On Friday, when markets are closed worldwide for Easter, the official US jobs report will be released. The increase in nonfarm payrolls for March is anticipated to be 240,000. The trade volume on Friday is probably going to be thin, with volatility spiking around the NFP report. There won’t be …
Read More »AUD/USD drops for three straight days as Wall Street gains on risk aversion
Initial Jobless Claims for April 1 increased to 228,000, above projections of 200,000, signaling a softening of the US labour market. Since Wall Street is expected to complete the week with gains, with the exception of the Dow Jones, which fell by 0.02%, the AUD/USD extends its losses to three …
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